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TK Maxx to open first store in Perth

Inside Retail

The retailer sells big brands at affordable prices across a huge range of products including women’s, men’s and kids’ fashion, shoes, accessories, homewares, beauty and toys. Since its expansion into Australia in 2017, the retailer has opened 78 stores including the new TK Maxx store in WA.

Expansion 279
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Seafolly rescues rival Tigerlily from administration

Inside Retail

The brand was acquired by Crescent Capital in 2017, but fell into voluntary administration in March 2020, largely due to the impact of Covid-19. The company plans to relaunch Tigerlily early next year following a restructure, according to sources with knowledge of the deal.

Pattern 279
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Propel Group to sell Driza-Bone business

Inside Retail

Driza-Bone, acquired by Propel Group in 2008, was merged with country apparel retailer RB Sellars in 2017. The deal, whose value has not been disclosed, marks Rinehart’s foray into fashion retail. The brand marked its 125th-anniversary this year. “We

Apparel 273
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Why Bulgari is embracing Zepeto, Asia’s most popular metaverse

Inside Retail

Italian luxury fashion house Bulgari, known for its high-end jewellery, watches and accessories, as well as the Bulgari chain of hotels and resorts, has launched a virtual world within Zepeto, Asia’s most popular metaverse platform. It is a 3D space for customising your avatar, completing quests and sharing content to social media.

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Maison de Sabre makes its bricks-and-mortar debut in Japan

Inside Retail

Brothers Omar and Zane Sabré (l to r) started the accessories label in 2017. Since launching in 2017, Maison de Sabré has grown into a multi-million dollar global accessories business with dedicated e-commerce sites in Australia and New Zealand, Japan and the US, and an international site that ships to customers around the world.

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VF Corp names Bracken Darrell as its new CEO

Inside Retail

Benno Dorer, who has been VF’s Interim President and CEO since December 5, will continue to serve on the board, a role he has had since 2017. Darrell will join VF after serving as president and CEO of Logitech International since 2013. He also served as global president of the Braun brand for Procter & Gamble.

Strategy 241
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How the Driza-Bone deal came about and what’s next for Propel Group

Inside Retail

Before taking the reins of Propel Group, the company behind some of Australia’s best-loved workwear brands, Caroline Elliott was the COO who restructured the local operation of French fashion label Kookai and orchestrated the local franchisee Magi Enterprises’ acquisition of the global licensing rights in 2017.